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Operational Risk Manager Jobs in Memphis, TN (NOW HIRING)

First Horizon Bank

Risk Rating Manager

Memphis, TN · On-site

Monitor scorecard performance from an accuracy and operational perspective. Track and report on ... Model Risk Management, and auditors * Effectively challenge first line requests for changes to ...

First Horizon

Risk Rating Manager

Memphis, TN · On-site

Monitor scorecard performance from an accuracy and operational perspective. Track and report on ... Model Risk Management, and auditors * Effectively challenge first line requests for changes to ...

TEKsystems

Risk Analyst - Entry Level

Memphis, TN · Remote

$25 - $40/hr

... manage multiple tasks, and follow through on action items • Support ServiceNow GRC operations: assist with ticket triage, policy exception reviews, risk assessment reports, application security ...

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Deloitte

Regulatory Reporting Manager

Memphis, TN

Drive continuous improvement initiatives to strengthen reporting quality, reduce operational risk ... Demonstrated ability to manage deadlines, review complex regulatory deliverables, and maintain high ...

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Operational Risk Manager information

See Memphis, TN salary details

$42K

$107.7K

$211.5K

How much do operational risk manager jobs pay per year?

As of May 29, 2026, the average yearly pay for operational risk manager in Memphis, TN is $107,736.00, according to ZipRecruiter salary data. Most workers in this role earn between $65,600.00 and $141,900.00 per year, depending on experience, location, and employer.

What Does an Operational Risk Manager Do?

An operational risk manager works to identify and limit the risk associated with a company’s operations. As an operational risk manager, your responsibilities involve assessing business operations, identifying issues, and creating reports on your findings. You then help develop policies and implement changes to lessen operational risks. Other duties include continually monitoring the business to find potential new threats and ensuring company compliance with laws and regulations.

What are the key skills and qualifications needed to thrive as an Operational Risk Manager, and why are they important?

To thrive as an Operational Risk Manager, you need a solid understanding of risk assessment, regulatory compliance, and internal controls, typically supported by a degree in finance, business, or a related field. Familiarity with risk management frameworks, GRC (governance, risk, and compliance) systems, and certifications such as FRM or ORM are highly valued. Strong analytical thinking, attention to detail, and effective communication skills set top performers apart in this role. These competencies are crucial for identifying, mitigating, and communicating operational risks, ensuring organizational stability and regulatory adherence.

What are some common challenges faced by Operational Risk Managers in maintaining effective risk controls across different departments?

Operational Risk Managers often encounter challenges in ensuring consistent risk controls due to varying processes, priorities, and risk appetites across departments. Communication gaps and resistance to change can make it difficult to implement standardized procedures. Successfully overcoming these challenges involves building strong cross-functional relationships, conducting regular training, and fostering a risk-aware culture to ensure alignment on risk management practices throughout the organization.

What is the difference between Operational Risk Manager vs Risk Analyst?

AspectOperational Risk ManagerRisk Analyst
CertificationsCFA, FRM, or similarCFA, FRM, or similar
Work EnvironmentFinancial institutions, banks, insurance companiesFinancial firms, consulting, corporate risk teams
ResponsibilitiesIdentify, assess, and mitigate operational risks; develop risk frameworksAnalyze risk data, support risk assessments, prepare reports

The Operational Risk Manager focuses on managing and mitigating operational risks within organizations, often holding certifications like CFA or FRM. In contrast, Risk Analysts primarily analyze risk data and support risk management processes. Both roles are vital in financial sectors and share similar credentials, but the Operational Risk Manager has a broader responsibility for risk mitigation strategies.

More about Operational Risk Manager jobs
What job categories do people searching Operational Risk Manager jobs in Memphis, TN look for? The top searched job categories for Operational Risk Manager jobs in Memphis, TN are:
What cities near Memphis, TN are hiring for Operational Risk Manager jobs? Cities near Memphis, TN with the most Operational Risk Manager job openings:
Operational Risk Manager jobs near you
Infographic showing various Operational Risk Manager job openings in Memphis, TN as of May 2026, with employment types broken down into 2% As Needed, 82% Full Time, 11% Part Time, 1% Temporary, and 4% Contract. Highlights an 78% Physical, 4% Hybrid, and 18% Remote job distribution, with an average salary of $107,736 per year, or $51.8 per hour.

Risk Manager

Mid-South Transportation Management, Inc.

Memphis, TN • On-site

Full-time

Posted 21 days ago

Job description

Description
Job Title: Risk Manager
Department: Risk Management / Compliance
FLSA: Non-Exempt
Reports To: Chief Legal & Compliance Officer
Job Function: The Risk Manager is responsible for overseeing MATA's enterprise risk management and claims functions, including general liability, property, auto, and litigation-related exposure. This role manages the full claims lifecycle, coordinates with internal departments, legal counsel, insurers, and third-party administrators, and implements risk mitigation strategies to reduce organizational exposure while ensuring regulatory compliance.
Essential Duties and Responsibilities
  • Manage and oversee all aspects of claims administration, including general liability, auto liability, property, and litigation matters.
  • Investigate incidents, accidents, and claims involving MATA operations, including on-site investigations for serious or complex incidents.
  • Coordinate with internal departments, third-party administrators, insurers, defense counsel, and external vendors.
  • Evaluate liability exposure, establish and adjust claim reserves, and recommend settlement strategies within delegated authority.
  • Maintain comprehensive records of claims activity, payments, settlements, legal expenses, and recoveries.
  • Monitor trends in claims, incidents, and losses; develop data-driven risk mitigation and loss prevention strategies.
  • Support subrogation efforts and recovery actions against responsible third parties.
  • Participate in depositions, mediations, hearings, and trials as required.
  • Collaborate with Safety, Security, Operations, and Maintenance departments to reduce risk exposure and improve incident prevention.
  • Provide training and guidance to supervisors and employees on incident reporting, documentation, and risk awareness.
  • Prepare reports and analyses for executive leadership related to claims exposure, loss trends, and risk controls.
  • Ensure compliance with federal, state, and local regulations related to risk management and insurance.

Minimum Qualifications
  • Bachelor's degree in Risk Management, Business Administration, Finance, or a related field (preferred).
  • Minimum five (5) years of progressively responsible experience in risk management, insurance, or claims administration.
  • Strong knowledge of liability insurance, claims handling, litigation processes, and risk mitigation strategies.
  • Excellent analytical, organizational, negotiation, and communication skills.
  • Ability to work independently and manage complex, high-exposure matters.
  • Proficiency in Microsoft Office applications and claims management systems.
  • Valid driver's license and ability to respond to incident scenes as required.

Working Conditions
This position requires a combination of office-based work and on-site field response. May involve exposure to weather conditions, accident scenes, and operational environments. Physical requirements may include standing, walking, and occasional lifting.
Salary Range
Salary range is commensurate with experience and aligned with market benchmarks. Final compensation will be determined based on qualifications and organizational guidelines.

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